Silvano owns Textbooks Plus, a sole proprietorship that sells textbooks and other school supplies. When Silvano...
Silvano owns Textbooks Plus, a sole proprietorship that sells textbooks and other school supplies. When Silvano dies, Textbooks Plus will automatically a. pass to Silvano’s heirs. b. be offered for sale to its creditors and competitors. c. pass to the state. d. dissolve.
Homework Answers
Ans d. dissolve.
Sole proprietorships dissolve when the proprietor dies. The proprietor is the only owner of the sole proprietorship and he takes all risks and rewards relating to that business. But after his/her death the sole proprietorship gets dissolved as no one exist to take care of the business.
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